On Tuesday, the Norwegian gas exports to Europe climbed amid workers’ strike as fields unaffected by the strike ramped up output.
Yesterday, flows to Britain and continental Europe jumped by 7 mcm after dropping by 17 mcm on Monday, when the strike started. The main buyers of Norway’s gas in Europe are Britain, Germany, France, the Netherlands, and Belgium.
Refinitiv analysts predicted that other Norwegian fields unaffected by the strike have ramped up output to compensate production loss due to the strike.
Analyst Jane Rangel of Energy Aspects commented that Norway’s Equinor, which operates four of the fields affected by the labor strike, has already replaced some lost output. She mentioned flexible fields such as Troll and Oseberg to take part in the compensation.
However, Rangel added that if the strike was to be prolonged, the compensating flexibility would shrink as those fields are usually running much harder as the winter peak is approaching.
The energy workers’ strike in Norway started on Monday with six offshore oil and gas fields being shut, slashing the country’s gas flow volumed by roughly 35 mcm. At the moment, the strike would highly be prolonged starting October 10.
